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what is happening in the united states with a wary eye, cnn international anchor jim clancy is with me now. jim, this is such a hyper-focused american problem and yet it's really a problem for the whole world. >> it definitely is. if mitch mcconnell is looking for a dance partner. the united states is the dance partner for the entire world. the markets hate uncertainty what they hate even more is steering abject failure square in the face. those markets are going to open up in four or five hours' time we should see some limited reaction in asia. but perhaps not yet. it's still uncertain what is going to happen here. there's a huge stake. everyone realizes. europe has got its problems. germany starting to feel the effects of the global, of the downturn in europe. china, cutting its growth forecasts, india doing the same. the last thing anyone on the world stage needs right now is for the u.s. to start sliding back into recession. but you know, let's be clear here. that's, that would take some time. there would still be time for some kind of a deal. but it's the uncertainty that is reall
. >> caller: hi, jim. for a beginning investor new to the stock market, would you advise shorting stock? and could you explain how one would make money trading in that manner? >> no, i do not advise shorting stock. losses can be infinite. i would prefer you to buy puts and you protect your upside sales call. and you protect your down side, and go back to getting even. i describe in 100 pages how it's better to buy puts. we know the key things to look for. great stocks to buy, insider buying is one of them, particularly when there is a heavy short position. that can often be a combustible situation that can explode to the upside. stay with cramer. >>> nobody is more passionate about the market than i am. nobody in the whole country. >> i want to thank you. have you saved my retirement. >> you are why i come out here and do this show. thank you so much. >> the stuff that are you doing for all of us, is so important. i want to say thank you. >> my husband and i watch every day, and we count on your help for small investors like us. >> put cramer's 30 plus years of experience to work for yo
as the deadline looms. for more on the potential impact of wall street i'm joined by jim awad chairman of plimsoll. let's talk about the fiscal uncertainity is figuring on wall street. >> it is figuring in an increasingly negative way. the markets are become increasingly concerned that business and consumers will pull back due to the uncertainty about tax and spending. and it's affecting the financial markets and the economy. >> jeff: a slow day tomorrow but how do you think we open? >> i think that if there is any rally it will be a fool's rallyment would you only get a rally if they announce something tonight. but the reality is that anything they announce would be light on fact and long on symbolic-- symbolism it wouldn't have a lot to do with entitlements. it wouldn't address the debt ceiling. so you could get a relief rally but i think the market was see through it and not be enduring. >> jeff: looking back up 5.9% for the year 2012, is a pretty decent number. what are you are forecasting for the first quarter ahead. >> some of it depend how they resolve this the economy in and of itself is t
was having dinner with jim, who is also known to have a colorful word or two when he speaks, and he told me about a round of golf he was playing with arnold palmer. he was chipping everywhere but the affair with. i am sure that he had a word or two. after a few holes or so, mr. palmer said to him "jim, which you like a little advice?" if any of us had a moment where arnold palmer says to us "would you like a little advice?" it would probably be like the winds calmed. "jim," he said. "you are not good enough to get mad." [laughter] that is reason enough to give this metal to mr. palmer, for giving the greatest golfing device ever. in his home, he has a table with coins for every championship he has won. there is an empty spot. he said, you never know when you'll have another claim to fill up one of those spots. mr. palmer, this is your day. thank you. [applause] >> ladies and gentleman, united states senator from the state of pennsylvania, the honorable patrick toomey. >> good morning and welcome to our guest of honor. we all know that's arnold palmer is a man of exceptional talent and succe
-weather meteorologist jim dickey to tell us more, jim? >> yeah, good evening, harris, this storm incredible yelled. rapidly striking its way up the coast and brought a swath of snow. and up to 20 inches from the storm and now across the region, not much to look at, but it isn't telling the full story and the pressure off the coast, and bringing in cold air and gusty winds. when you factor in the wind, the real-feel, minus 2 in portland and temperatures will fall here, cold ones, especially in new england and fall to 5 in burlington, down to a cold 9 in portland. like you said, winter is here to stay and of course, we're already looking for our next snowstorm here and new year's eve watching a large system drift out of the four corners out of the southern tier of the rockies, bringing soaking rain across the lower mississippi valley and a swath of snow from the central and southern plains into the ohio valley and not the snow maker we just saw or the predecessor of that storm either. still, decent snow in some spots and especially into kansas through the afternoon, through the morning here, and tha
>> reporter: making election night no surprise the biggest campaign story of the year. jim acosta, cnn, washington. >> and i'm allison kosic. "cnn newsroom" continues now with martin savidge. don't go anywhere. >> thank you very much. >>> welcome to the cnn "newsroom." i'm martin savidge in for fredricka whitfield. here are the top stories we are following right now. >>> that fiscal cliff. we are at the very edge. senate leaders are working through the weekend trying to reach a deal before the deadline. today president obama called on lawmakers to meet their deadlines and responsibilities and forge a compromise to avoid tax hike and spending cuts from taking effect. lisa desjardins is live on capitol hill. what's going on right now? >> reporter: right now it's all behind closed doors, martin. what we just have learned in the last hour, in fact, what reporters have seen here, a surprise. house speaker john boehner was here at the capitol. we're still trying to sort out exactly why he was here, but he wasn't here for very long, it seems. he left in the last hour. also, we were able
investment portfolio. jim awad, a longtime manager. sean egan knows a thing or two about credit ratings, the founder of an independent rating agency not paid by the corporate issuers that it rates. sean, your firm was quick to downgrade the u.s. credit rating last year. if we go over the cliff or lawmakers reach some sort of watered-down compromise, will you downgrade america again? >> no. our take on it is that it's a very positive sign that the government is wrestling with the immediate problem of the budget deficit. it was $1.4 trillion last year. it's probably going to come in at about $1.2 trillion for the current year. so we view this whole wrangling as a positive, that it's the first step to solving a problem is recognizing it. most people in washington and throughout the country are recognizing the immediate problem of the federal budget deficit. >> that is a remarkably glass-half-full view of the world, sean. i appreciate that. let me take a look at world borrowing costs. this is a gauge of how investors feel about a given country. sovereign debt. if you're buying bonds of a co
at this point gone up about $8.90, $1,664.80 an ounce. by the way, we have jim o'neill coming up in just a moment. we also have pimco's mow hammel el-erian. >>> steve sedgwick is standing by in london right now. how are things standing by there? >> it's a very quiet session as we saw last week on the u.s. and the european incidentsies. despite the fact that the vix in the united states and the v-stocks and the various volatility measures on this side of the atlantic remain elevated. despite that, we're not seeing a lot of oscillation on the back of, as you said, the fiscal cliff and concerns that we may fall off. does that mean that people are getting complacent? they think even though we might not get a deal in the next 24 hours, we will get a deal fairly imminently. in the meantime, though, this is what we've got in terms of the major european indices. that will open and the germans will come to that in a few minutes' time it has been up year-to-date around about 6% and that makes the ftse 100 a real lagger compared with some of its european peers. a laggard, as well, compared to the c
there is always a bull market somewhere, and i promise to find it just for you, right here on "mad money." i'm jim cramer, and i will see you monday. done. it's the right thing to do for our families, for our businesses and for our entire economy. but the hour for immediate action is here. it is now. >> the president correctly says the time for immediate action is now. apparently not his immediate action, though, with the nation facing a crippling fiscal cliff in just three days, the president calls congressional leaders together and says, you fix it. no, he doesn't offer any new plan from the white house, no compromise. instead the president tells the senate to come up with a deal and the same senate that hasn't passed a budget in years. and the marks don't like it at all, 158 points now tanking and falling further in the after market and we'll have to see how asia opens on monday. it could be ugly. the headlines are falling fast and furious. we're all over it "the kudlow report" starts right now. >>> welcome. i'm michelle caruso-cabrera in for larry kudlow. a lot happened in just the last couple
that ended about 45 minutes away. >> jim, the meeting started at 3:10 and ended at 4:15. the four congressional leaders left without speaking to the media. with $600 billion in tax hikes set to take effect new year's day. senior advisers said the president was set to make a small offer with the full support of reid and pelosi. nbc news has learned that a previous offered made by the president, the one that involved a tax increase for only those earning more than $400 is off the table. advisers say that was part of a bigger proposal that speaker boehner did not accept. it looks like the current proposal goes back to raising taxes on those who make more than $250,000. the proposal known as plan b didn't work. it will remain to be seen if the smaller plan will. either way the countdown to the if you year could be very costly. >> i'm hopeful that a deal will avoid the worst parts of a fiscal live cliff. >> the tax increases need to be averted, avoided. they can be. i think in the end we'll get a deal. the question is the timing of that. >> according to administration officials, senior
, jim. caller: i'm calling from georgetown, texas. senator schumer proposed a $1 million cut off. reid and durbin did not go along with that. no entitlement cuts and we have $16 chilean debt and everybody -- $16 trillion debt and everybody keeps spending. don't we have to pay this debt down? host: the debt is $16.3 tr illion. another looming deadline. the treasury department can extend the deadline for the next month or two. part of the dynamics in the negotiations. front page of "the washington times." is the brink" cutline. host: harry reid had this to say on the senate floor. [video clip] >> the american people do not understand. the house is operating without the house of representatives. it is being operated with a dictatorship by the speaker. if the $250,000 would be brought would pass. speed brainer could've brought legislation to the house and it would have passed. host: gcomments by harry reid. the senate is in session today. bill has this point -- from "the national journal" -- the story is available online. "the president will have a strong hand to play over what to do about
a good christmas. i'm melissa lee. we're live from the new york stock exchange. jim cramer has the day off. the latest s&p schiller home price report has been released. the results being shown at the bottom of your screen. david blitzer will join us with a closer look at the numbers in just a few minutes. let's get a check on how we're setting up on this day after christmas trading session. the dow looking higher by about 15 points. s&p looking at about two points at the open. european markets closed on this day after christmas. the uk and france among those celebrating foxing day. we start off with, what else, retail. dips in spending in the mid-atlantic and northeast regions. luxury sales also weak. >> we're coming off the worst christmas eve for the dow since 2006. as the president cuts short his hawaiian vacation to deal with the fiscal cliff, just five days to go until we go over. >> threatening both coasts with workers snubbing up best and final contract offer. >> and more on the home front. we'll have more on the data and whether it can keep one of the best performing sectors of
of the democrats who voted no is virginia congressman jim moran who's with me now. thank you for being here. charles krauthammer said on the right this was a route for the ds. you disagree. >> normally when the far right and far left are in agreement, the middle makes the most sense. but not in this case. i think this is a very bad long-term deal for democratic priorities and thus for the president. because what we did was to take $3.9 trillion off the table permanently and set up three more fiscal cliffs over the next three months. the sequester, the debt ceiling, then the expiration of the appropriations bills. which will happen in march. and what it does is to say we will never bring in more than 15% of gdp. but we have never had a robust economy when federal spending wasn't about 20% of gdp. because you need that investment in research and innovation and education and skills training and so on. and what's going to happen is that interest on the debt is going to be greater than any of the programs that provide that kind of seed corn investment in our children's future. so that's what we
arm. coach jim hargbaugh confirmed today that smith will need surgery - whether now or after the playoffs - and that he does indeed risk further injury by trying to play through the injury. .smith officially listed as "doutbful" for sunday.but you can bet he's really "out" as the niners won't risk further injury before the playoffs. ------------------------ alex smith was a man that that was the game in which alex smith was nearly flawless. statistically, it was the best of his career. 18, 419 and three touchdowns. also it was the last fall gave that he would play. he suffered a concussion the following week and a loss of the job to call on kaepernick and we know the rest. the 49ers team now with the division title at stake if they do not want to overlook arizona. after all, why risk it? - the niners are 16 1/2 point favorites without smith to beat the cardinals and clinch the nfc west cardinals in their first meeting two months ago back alex smith was nearly flawless in the game - in fact statistically it was his best game ever going 18/19 for 232 yards and 3 touchdowns it w
and stop this from happening. think about some of the senators were talking about. senator jim demint, a tea party favorite from south carolina, is retiring at the end of his term. he is going to head the heritage foundation. it might be good for him in his new position to be the person to stop the tax increases from going into the fact. -- into effect. is not like he is going to do it. but that is all it takes. guest: there is precedent for it. in the august debt ceiling crisis in 2011, the house approved on well in or unable to act. it was a deal with senator reid and senator mcconnell. it paved the way for the deal that actually lead us to where we are now. not saying that is equality deal, but it was located in the senate before -- a quality deal, but it was located in the senate before. guest: we ended up a fiscal cliff. that was not tax increase. if there is one thing that is important to republicans, it is taxes. this becomes a much more sensitive issue especially in the current environment. the debt ceiling, that is also important to the republican base. host: we are taking yo
democratic primary over a guy named jim shannon. then came the biggest break of all, on the same today voters turned on elliot richardson. he was one of the few heroes of watergate. but the republicans dumped him in their primary in favor of a right wing businessman. only then was john kerry's path to the senate and all the prominence and all the opportunities that senate seat has afforded him, only then was that clear. in politics we tend to ridicule losers or ignore them. but john kerry's road back is a reminder of how arbitrary this game really is. all right, that does it for "the cycle." karen finney, you're in for martin bashir and it's all yours. >> all right. it's wednesday, december 26th. we hope you're having a wonderful holiday because the president's is about to end. boehner and the boys? what's the rush? ♪ >> first of all, we want to say merry christmas. >> president obama is cutting short his christmas break with the fiscal cliff looming large. >> the fiscal cliff gets closer. congress now has six days left to make a deal. >> aloha, hawaii. >> to my republican coll
such a political battle -- >> jim, talk to that. why do you guys have leverage? a lot of republicans on capitol hill say, look, we should too much blood on this tax fight but we are more than happy to bring the president to his knees over these budget wars in the next 60 to 90 days. explain why you guys have such good leverage. >> i think the leverage is pretty simple. we've given the president his tax increases on the rich. the rich people are saying more or however the president wants to say it. so that part is off the table. now we get to concentrate on the spending. this president has run trillion dollar deficits every single year and he's had no interest in trying to slow those down. i think over the next 60 days for republicans to win this battle, they're going to have to frame this issue in spending trillion dollar deficits in a $16.4 trillion total debt in this country. if we don't want to be greece, we have to do something about big spending now. >> nia, i want to give you the last word on all of this. we were talking about president obama's political legacy. how much do you think his
ahead, congressman jim mcdermott with the latest on the fiscal cliff negotiations. first, though, an american military hero has died, norman schwarzkopf passed away in florida yesterday. remember he was popularly known as stormin' norman and he was the u.s. general who led the 1991 operation "desert storm," which liberated kuwait from iraqi dictator saddam hussein, and you know, the 41 is ill and actually sent out a statement about the general late yesterday, when we're all thinking about 41, as well. schwarzkopf was 78. [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. >>> welcome back to "squawk box" this morning. the g
as these four republicans, senators lee, paul, rubio, and shelby. not a boating were senators jim demint, the republican of south carolina. he is retiring. senators kirk and lautenberg as well. here was the reaction from all four house republican leaders. it put this out in a joint statement. here is what they had to say -- the house will honor its commitment to consider the senate agreement if it is passed. decisions about whether the house will seek to a set -- to except or amend the measure will not be made and house members and the american people had been able to review the legislation. the house is expected to come in at noon today. there are some reports that a boat could happen as early as this afternoon. the house minority lindsey -- pine ridge -- house minority leader nancy pelosi tweeted a statement last night about when this bill might come to the house. she had to say, when a final agreement is reached and passed by the senate, i will present it to the house democratic caucus. from "the new york times," -- here is a "-- a quote -- we are getting your take on this. the senate
under a jim crow system, okay? now we're talking about the people who get preferences now were born in 1994. that doesn't seem like very long ago to somebody my age. 994. that's, you know, 30 years after the 1964 civil rights act. according to the latest census, one in four americans now describe themselves as being something other than white. african-americans are not the largest minority group anymore. they haven't been for a while. latinos are a larger minority group than african-americans are. and neither one of them is the fastest-growing racial minority group. the fastest-growing racial minority group is asian-americans. african-americans are growing at only a 12.3% rate, white americans at only a 5.7% rate. another rapidly-growing group are people like our president who could check more than one box in the race and ethnicity section of their questionnaire. seems to me, and i think in the supreme court, that in a country like that we cannot have a legal regime that sorts people according to their skin color and what country their an access or to haves came from and treat some
-- on a no tax increase on anybody. >> that's right, which is why boehner pulled the plug, jim, you'll recall, on that vote, which was supposed to be a show vote to put the pressure on the president to draw the line at a million. when he realized he didn't have a majority of the republicans, he didn't go forward. what this is now is an old school where you have a bipartisan society, where boehner would be asked to permit a vote, even if he knew most republicans would vote no. it's humiliating for a speaker, especially in this milieu, in the world we live in now. it would set up boehner to maybe lose the speakership when the vote is taken in the house for that on january 3rd. it would certainly mean a fight. you would have paul ryan, cantor saying, wait a minute, this guy forced a vote we didn't want to take, but that's what the president is trying to get boehner to do. give me a few republicans, says boim bhoim, i'll deliver democrats, i'll deliver senate and sign the bill and save 97% of americans from a tax hike. boehner might not be able to do it or might refuse to do it. that's the next s
gone, but some other coaches that might have some worries here, jim schwarz in detroit, daley in buffalo, the list goes on. and tomorrow is an interesting day in the nfl and none of it has to do with action on the field. >> harris: peter, we appreciate you coming in on this sunday night, the last one of 2012, to bring us all the news. >> there you go. >> harris: about the nfl. >> a great year, harris. >> harris: fun to be with you. we've got to get back to breaking news, on the record, statements from the office now of secretary clinton, that the doctor have discovered our secretary of state has a blood clot that had formed stemming from the concussion she sustained several weeks ago. she's being treated with anticoagulants and is at new york presbyterian hospital so that they can monitor the medication over the next 48 hours. thank you so much for being with us on fox report, sunday, december 30th, 2012, i'm harris falkner. >> hello and welcome to a special live sunday prime time edition of "the five", i'm dana perino and this is a fox news alert. you are looking live at the
lawmaker. congressman jim clyburn believes mrs. obama would be a breath of fresh air in d.c. she's honest and straightforward. "she's exactly what we need around here." and recent polling shows mrs. obama beating senator mark kirk of illinois by double digits in a hypothetical match-up. her husband's adviser david axelrod is warning michelle obama fans not to get their hopes up. >> i don't think michelle has any desire to be a politician. she'll find ways to make contributions, i'm sure. but the last thing i think she would do is run for public office. >> of course there are a number of ways for the first lady to make her mark after her husband finishes his second term. as samuel l. jackson tells "newsweek," michelle is superwoman. "what can't she do?" i agree with that. run, michelle, run. tonight in our survey i asked you, is john boehner's move to reconvene the house a face-saving political move or a genuine effort to reach a deal? 97% say political move. 3% say genuine effort. coming up, dr. james peterson joins me to discuss "django unchained." i'll share my thoughts on the movie tha
think you should have to show your license. >> james peterson, chief jim johnson, and matt lewis, thank you. >>> next, president obama won 70% of the latino vote. all right, gop, it's your move. [ male announcer ] this is sheldon, whose long dy setting up the news starts with arthritis pain and a choice. take tylenol or take aleve, the #1 recommended pain reliever by orthopedic doctors. just two aleve can keep pain away all day. back to the news. just two aleve can keep pain away all day. with a new project in mind, some how-to knowledge to give us an new years clutter is no match for someone with big ideas. edge, and more savings down every aisle. it only takes a few twists and turns for those bright ideas to make the new year even brighter. more saving. more doing. that's the power of the home depot. start fresh and save with hdx 20 gallon totes, a special buy at just $5.88 a piece. >>> because this is very important. i don't want to get lost in translation. you promised that, and a promise is a promise, and with all due respect you didn't keep that promise. >> president obama said th
'm sorry, jim. i am going to stop the subsidy to pbs. >> big bird here, patrick, may have never been so famous. did the big bird situation really hit home some. >> it did in the sense that it sort of made romney a purchling bag in the same way that another item on our list that some of the social media highlights either republicans or the national bench. when you get the moments that are sort of funny on the substance of them, but also sort of lend themselves so social media, and that was the case with clint eastwood and the case with the big bird comment. a lot of big bird fans on twitter, and they sort of made mitt romney eat his words on that one with the fake accounts and things like that. >> there goes the invisible obama. we have that chair there. that was a funny account. that was opened just within that same night. there's also this photo that was tweeted out by the president on election night. you remember. it became the most retweeted photo of all time. >> that's right. you know, i think what's interesting to look forward to -- or maybe not look forward to -- is we saw so many
to get up to 1600 once again and i look for it to go higher. >> jim, the house reconvenes sunday night. the senate squabbling right now. the president's back in town. how are you trading or investing in this market in the meantime? >> well, bill, i thought it was difficult to underestimate the ability for congress to underdeliver. but here we are again. >> yes. >> our best case is, we probably thought it was going to go into the, go past the new year and i think that's what we're going to see. so, we'll probably tech nick little go over the cliff but we won't stay over and it's probably maybe even better off that we get a new congress looking at the prospects of a deal. there is a deal out there as opposed to the lame duck session. we'll probably have some volatile till but i think those are buying opportunities and we expect a better 2013. >> what kind of buying opportunities? what would you be looking to buy? >> well, certainly the sectors that have done well, i think, continue to be the financials. you look at consumer discretionary in here, which could take a hit and a down turn. n
are our congressman, jim mcgovern, also mary beth mcmahon, senior vice president of special olympics massachusetts, virginia swain, returned peace corps volunteer coordinator and kathy fielder, representing holy cross. to you special guests and to everyone, a warm welcome. we also need to note the absence of a holy cross junior, ken jordan, head of the local chapter of the knights of columbus, whose brother died in an auto accident two days ago. ken and his fellow knights have put forth great effort to publicize this evening's event, and ken had been anticipating it eagerly. this evening it's a particular pleasure to welcome mark back to his alma mater. he took several courses with me during his student days, but our relationship wasn't completely academic. through the generosity of mark's father, i was able to accompany him and one of his classmates in travels through poland and the soviet union in the summer of 1985, the summer before their senior year. and on that first day in leningrad -- now st. petersburg -- mark, always his father's son, asked if we could celebrate daily mass
is out of step with its members. joining me now is virginia congressman jim moran. briefly, let me ask you first about the fiscal cliff because i have you here. you and your members will get back to work tomorrow. i'm wondering is there going to be a last ditch effort to avoid this and what do you think is going to happen? >> i think the likelihood is that we go over the cliff, martin. and, of course, that's my primary focus because my congressional district would be the hardest hit if beat go over the fiscal cliff. i've got tens of thousands of federal employees and a great deal of defense spending would be at risk. so if we don't suspend the sequester and it looks like this very small deal may not even achieve that, then i'd have to be a "no" vote. so if i had to guess right now, i don't think we're going to be able to reach a deal no matter how small it might be. of course, at the very best, all we would do is stumble forward for a couple more months until we hit the debt ceiling and then face another crisis which is really a crisis of confidence in the government. i just can't imag
. they put all the bankers in jail and the corrupt politicians, and then they fixed the government. host: jim from montana offering his take. paula curry writes in -- i want to go to manitoba, canada, daniel is waiting to offer his take on the west fiscal cliff negotiations. caller: good morning. i wish a merry christmas and mary new york -- happy new year to all americans, i wish all of them happiness, health, and good things. what i want to say to all the people of america -- at the time of the hostage situation in iran, i worked there until two weeks before that disaster. i was also a victim of that. i was for many months in the hospital. i follow always america everywhere. i appreciate how you people work together and make america number one. host: do you think america's working together right now in this fiscal cliff negotiant that is causing friction in washington? caller: absolutely, it is so beautiful to see. they are doing their best. i am not there in the party, but i want to read about the differences, why america is america, and why not it is not -- why it is not other countries.
-time employees, ben, libya, evan, mike, julie, richard, jennifer, nick, michelle, jim, doory, jesse, angela, kathleen, carolyn, rachel, eric, jennifer, chris, cody, greg, katelyn, stephanie, beth, bennett, nathan , emily, mary, abby, lee, shannon, christina, p.j., alex, nicki, randy, john, the two best veteran constituent service reps you could ever want. sharon, rachel, cara. mr. speaker, all of them were loyal to the district and i read their names into the record to thank them for their service and loyalty to me, with you especially for their service to -- but especially for their service to the district. yield back. the speaker pro tempore: the chair recognizes the gentleman from alabama, mr. brook, for five minutes. mr. brooks: mr. speaker, the bush tax cuts history illuminates why american families face huge tax increases on january 1. the bush tax cuts had two purposes, first, stimulate the economy, create jobs, cut unemployment, and cut the deficit. second, cut taxes to help american families take care of their own needs. in just three years thanks to the bush tax cuts unemployment
do. >>> it was a wild ride to election day 2012. jim acosta has the top ten campaign stories of the year. >> reporter: the year started off with a surprise in a sweater vest, counting down the top campaign stories of the year, number ten, the primaries. rick santorum's stunning performance in the iowa caucuses. >> game on. >> reporter: kicked off a battle for the republican nomination that few in washington had expected. the gop's odds on favorite, mitt romney stumbled in some of the early contests. he refused to release his tax returns allowing newt gingrich to take south carolina. >> we proved here in south carolina that people of power beats big money. >> reporter: but that big money eventually cleared the field and romney set his sights on the president. >> it's still about the economy and we're not stupid. >> reporter: at number nine, bain. not that one. that one. almost as soon as romney had had locked up the nomination, his former private investment capital was crashed by the super pac and obama campaign. the attack ads put romney on defense for months. the president a
and close facilities. reporter: jim moran said his district, right outside of washington, home to many who work in the defense industry, could be harvested in the country. he is warning constituents that they can expect an immediate 8 billion-dollar cut in defense money if we go over the fiscal cliff. that, he says, will likely lead to job losses. jon? jon: that is very scary stuff. molly henneberg, thank you. harris: the nation is mourning the loss of norman schwarzkopf. he was 78 years old. the man known as storming norman drove out saddam hussein's forces in kuwait in 1991. operation desert storm entered one of our history books. you know, i have read that you say that the general earned every bit of his impeccable reputation as a leader. why is that? >> well, if you look back at where we were when he played a critical role in leading the first gulf war, we had come off of the 70s, which were the carter years, morale is really bad. reagan rebuilt the military during the 80s. then george h. w. bush took over as well. the team that was rebuilt, that new army and air force, the new navy th
. that's the name of the game. and if we can do it on the highway bill, if -- if i could do it with jim inhofe, if debbie stabenow can do it with pat roberts on the farm bill, i know -- and there are other examples i could give. i could give examples of senator feinstein with her republican counterpart. i could give many examples on the appropriations committee. we know we can do this. we just have to take a deep breath and put our ego as side for this country's sake and make those compromise that allow us to still stand tall. now, i'm only five feet so that's hard, but you get the point. we can do this and we should do it now. and if we don't do it now, we should vote on the president's plan because the people of this country deserve better than to be left hanging on a cliff. they don't deserve that. it's not right. thank you very much. i yield the floor. >> next, joe manchin talking about his plan for the fiscal cliff. their diligent work. they have committed themselves to this work and i appreciate it and they keep us all informed. mr. president, i rise today frustrated, embarrassed
the exception, because under the jim crow laws, african-americans had been persecuted for years. but what was unique was that there were published pictures of his body. his mother did something that inspires awe. she allowed "jet" magazine to photograph his brutalized body. there was controversy about her decision and the decision to publish the photographs, and those pictures galvanized a nascent movement. "jet" magazine reported continually on the case for years afterwards. i am telling you this story today, because "jet" magazine is shining a much needed spotlight on the killing of a young black boy whose name might otherwise be forgotten, jordan davis, the young boy who was shot to death after the motorist complain ed about a loud music that a motorist was complaining about next to him in a suv. dunn may claim protection under the florida's stand your ground law. and "jet" magazine explores the details of the night that took his life, but introduces us to a 17-year-old who loved to fish with his dad and inspired to be a marine and about to start his first job and now is gone. back wit
that would vote against it because he is a fairly conservative republican. host: he will be replacing jim demint in the senate, who is stepping down. jim demint, one of three that did not vote last night. guest: i do not know if that means he was not here, or he abstained. i imagine he could not have voted to support this. host: donna, independent caller. caller: my concern is that i am basically lost in the cracks. i was a hard worker, paid my taxes, i had an accident, and now i have cancer. i get my medicare, but still i am having to pay for more insurance. my social security check went up, but i have to pay the high price of medical care because of the bills, and it is not fair because i can not get supplemental insurance to help me pay for my disease. i do not think it is fair enough to where i am lost in the crack, and i can barely make it. all of my money goes directly to medical costs. about i'm sorry to hear that, if a tragedy, but she points out the problem. when you go after 2% of the taxpayers and small businesses to fix the problems better on our shoulders, it is picking the w
some of the senators we're talking about. senator jim demint is retiring at the end of this congress. he will become the head of the very conservative heritage foundation. it might be good for him in his new position to be the person that stopped the tax increase from going to affect, who stopped the senate from voting for a tax increase. i am not saying he will do it, but it just takes one senator to stop this. this is the body we are relying on to get a deal. it is hard to imagine. host: josh gordon? guest: in 2011, a house proved unable or unwilling to act. it was a deal with senator reid and senator mcconnell that paved the way for the deal that led us to where we are now. the deal was located in the senate before the house jumped on. guest: this is a little different. he is right. that is what led to the super committee being formed. that failed. we ended up with the fiscal cliff. that was not a tax increase. one thing important to the republican base is tax increases. this becomes a more sensitive issue in the current environment. the debt ceiling is also important to the repub
on, he took on as his target, the speaker jim wright. that was the beginning of the rigid of some of this polarization. there is low -- the beginning of some of this polarization. it was a better time. since those last couple of decades, the institution has suffered from too much partisanship. >> before mr. gingrich, i would imagine he would argue the republican house members have spent decades in the wilderness and he was the one that found a way to bring them into the majority in the house. how do you balance the pluses and minuses? >> there is not any question that that effort to paint a picture of jim wright's service laid the foundation for a majority. that was a healthy thing. i do not believe it was a good -- we have been in that for far too long. appropriations committees work is where either you spend money or you do not. ideally, you are here to work with one another to be as responsive as possible to your own constituents and taxpayers. within the committee itself, the more we can talk to each other as individuals and human beings, the better off the institution will be
classmates was newt gingrich. early on, he took on as his target, the speaker jim wright. that was the beginning of some of this polarization. it was a better time. -- there is little doubt that in the days of tip o'neill, but it was a better time. since those last couple of decades, the institution has suffered from too much partisanship. >> before mr. gingrich, i would imagine he would argue the republican house members have spent decades in the wilderness and he was the one that found a way to bring them into the majority in the house. how do you balance the pluses and minuses? >> there is not any question that that effort to paint a picture of jim wright's service laid the foundation for a majority. that was a healthy thing. i do not believe it was a good thing -- we have been in that for far too long. appropriations committees work -- in turn the, i think it is significant for the american public to know the appropriations committee work is where either you spend money or you do not. ideally, you are here to work with one another to be as responsive as possible to yo
it at the same time. you can do that, you get these wonderful shapes. glass really rewards risk. >> jim is sort of this renaissance guy. whatever he tries to do, he does exceedingly well. he perfects. he also has a gift for musician. has a gift for art or more than a gift, a passion. like a lot of things, trying to find a better job can be frustrating. so at university of phoenix we're working with a growing list of almost two thousand corporate partners - companies like microsoft, american red cross and adobe - to create options for you. not only that, we're using what we learn from these partners to shape our curriculum, so that when you find the job you want you'll be a perfect fit. let's get to work. >>> secretary of state hillary clinton is being treated at new york presbyterian hospital for a blood clot. the clot was discovered during a follow-up examine for a concussion she suffered last month. she will stay in the hospital at least for 48 hours. chief medical correspondent dr. gupta has more. >> first off, we don't know exactly where this blood clot is. they say it's somewhere in her bo
on the floor but people stepping before microphones. here is representative jim moran. >> there are going to be voting sunday night and then probably watching the skins-cowboys fame in the cloakroom. then we'll, then we'll be in session on december 31st as well. gregg: what does he mean, we're going to vote sunday night? >> here's what might happen. both parties meet with the president today at the white house. they all say look, here we are on the precipice here. let's come up with something so we stop these tax hikes from happening on january 1st. let's come together and come up with kind of a stopgap deal. in other words, something short term. this is something congress will typically do when both sides are at an impasse. they find a way to get by for a little while longer. buy themselves more time. if they come up with a deal like that, the house is coming back into session on sunday night. it is highly possible they could vote on something then. the senate could also pass it and signed into law. gregg: right. >> everyone is talking about there is not enough time. this is not true. co
. family spokesman jim mcgrath says the 88-year-old former president is improving. his conversations with doctors and nurses now include singing. bush is being treated for a fever following bronchitis-related cough. >>> is hockey going to happen this season? i ask you that. the nhl wants to get back to the bargaining table with the locked out players association after a new contract offer from the league broke thece between the two sides -- no pun intended. okay, maybe a small one. talks are scheduled to resume sunday in new york. >>> proof that annual traditions in other countries don't always translate. a town in southeast spain is cleaning up after revelers battled it out with flour, eggs, and -- wait for it -- firecrackers. the annual flour/egg/firecracker fight takes place on december 28 and celebrates spain's equivalent of april fool's day. to recap, that is flour, eggs, and firecrackers. jud . >> do they combine? >> yeah, like bisquick a la requirecrackers. >> some story meetings -- >> maybe next year. >> maybe. we'll see. >> thanks. >>> dylan dreyer has a check of the nationa
's back on wednesday. but to hold you over, here are some of jim's best moments in 2012. >> next thing you know, i'm covering sports in tallahassee. >> there you go. you look good in that polyester. >> it was a corduroy suit that i got. >> you were in florida. ooh. >> felt like sweatpants. >> i need freedom of movement. sherri wakes me up every morning. >> how does she wake you up? >> she has no morning breath. i'm actually kind of a gandhi-like figure these days. divided by ten, it's a 50 -- ah! it's a $58 stock for goodness sakes. i'm sick of this. give me my telestrator. what the heck. i'm going to go home and learn the no-pick circle draw. the circle draw. look at this. >> let me do a super-cal i straighter on r.i.m. >> did you get that? >> down here. >> i've got to go commando here. it's down here. that's where it is. all work and no play makes jack a very dull boy. >> there you go. it may be the 17 sued a feds i took before the show. >> oh, the memories. good times, right? >> when he's gone, you really miss him. >> he'll be back on wednesday, in time to trade the fiscal cliff. all ri
for the new year. see you then. we spend a lot of time on the feed because a chicken is what it eats. [ jim ] this seal verifies we feed my fresh all-natural chickens an all-vegetarian diet including corn, soybeans, and marigolds. no animal by-products. no meat and bone meal. when you put my chicken on the table, you know where it came from. that i put on my children's plate. that's why we use all-white meat, breading that is whole grain with omega-3 and no preservatives. it is my goal to make the highest quality, best-tasting nugget on the market. i want consumers to go, "dang, that's a good nugget." >>> from nbc news this is a special new year's eve edition of "today" with kathie lee gifford and hoda kotb from studio 1a in rockefeller plaza. >> happy new year, hodie. i just want to see if hoda's hat missed her head. nope. >> they don't make hats big enough for me, willard scott, or who else? >> willie geist. he has a big one like me. >> no one has as big a head as you. every pilgrim. we want to wish guys a happy new year's eve. >> i think this is -- i'm okay letting the past year go. i ha
cornyn, horrible recruitment two years in a row and this time they didn't have jim demint to blame. >> don't blame that texan on me. >> okay. take it up with him after the show. erick erickson, roland martin, thank you very much. happy new year, guys. >>> hopes have been crushed and families in the making have been ripped apart. a new law bans americans from adopting russian children. welcome to chevy's year-end event. so, the 5.3-liter v8 silverado can tow up to 9,600 pounds? 315 horsepower. what's that in reindeer-power? [ laughs ] [ pencil scratches ] [ male announcer ] chevy's giving more. get the best offer of the year -- 0% apr financing for 60 months plus $1,000 holiday bonus cash. plus trade up for an additional $1,000 trade-in allowance. hurry. bonus cash ends january 2nd. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register you
, the judiciary committee on which i serve heard dramatic testimony from former deputy attorney general jim comby about the efforts of chief of staff andrew card and counsel alberto gonzalez to pressure attorney general john ashcroft some into reauthorizing this surveillance of american citizens while ashcroft was in the hospital. after "the new york times" revealed the existence of warrantless surveillance program, the bush administration demanded the congress pass legislation authorizing it. this led to enactment of the fisa amendments in 2008. in short, this legislation was born in original sin. congress added some oversight requirements and civil liberties protection to the bush administration's warrantless surveillance program but they didn't go far enough. that's why i opposed the original fisa amendments act along with a majority of democratic senators. i supported an earlier version offered by senator leahy, chairman of our judiciary committee, which would have authorized broad surveillance powers but included civil liberties protections. back in 2008, the bush administration accused oppo
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